Ephesians3-14
Level 8

My client is a 100% owner of an S Corp. The S Corp established a health insurance plan for the shareholder. We added the $10,000 in health insurance premiums to Box 1 of his W-2. The net income from the S Corp BEFORE deducting the $10,000 health premiums was $65,000. After deducting the $10,000 in health premiums, the net income was $55,000 - which was reported on his personal tax return as pass through income. 

When the 2022 tax return was prepared, we claimed a $10,000 deduction on line 17 of Schd 1 (Self-Employed Heath Premiums) which was manually entered on the Health Heath LTC Wksht.

When I reviewed the QBI computation I noticed it started with the $55,000. Then there was also a deduction for the Section 179 expense ($1,000) that I appropriately entered on the S Corp K-1 Wksht. in the QBI Deduction area (Section D1). So now the net QBI was $54,000. Was I supposed to also MANUALLY enter the $10,000 of health insurance premiums on the S Corp K-1 Wksht (in Section "D1 - QBI Deduction Statement A Information)? I sure hope not! Not sure why that wouldn't just automatically transfer to that area of the S Corp K-1 Wksht if that was supposed to be entered. 

Any help would be appreciated. 

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